Helix Energy Solutions Group (NYSE:HLX) Trading Down 5% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price was down 5% during trading on Monday . The company traded as low as $6.88 and last traded at $6.84. Approximately 274,088 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,760,385 shares. The stock had previously closed at $7.20.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 2.28. The business's fifty day moving average price is $6.57 and its 200-day moving average price is $7.73. The stock has a market capitalization of $958.43 million, a price-to-earnings ratio of 11.50 and a beta of 1.60.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $278.06 million for the quarter, compared to analysts' expectations of $285.06 million. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of HLX. Strs Ohio bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth $89,000. Jane Street Group LLC lifted its position in shares of Helix Energy Solutions Group by 1,836.3% during the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company's stock valued at $3,143,000 after purchasing an additional 358,663 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company's stock worth $3,101,000 after purchasing an additional 32,643 shares during the last quarter. Empowered Funds LLC boosted its holdings in Helix Energy Solutions Group by 19.1% during the first quarter. Empowered Funds LLC now owns 641,198 shares of the oil and gas company's stock worth $5,328,000 after purchasing an additional 102,713 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Helix Energy Solutions Group in the 1st quarter worth about $184,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.